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As robos try to crash Envestnet's platform party, CEO Jud Bergman explains pivot to 'wellness' and tells where FolioDynamix and Yodlee stand

Ric Edelman is an early Envestnet 'wellness' pilot and Yodlee's expanding margins are -- maybe -- a good sign for that unit as it moves toward break-even

Author Oisin Breen February 28, 2018 at 12:49 AM
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Chris Curtis: Yodlee’s revenue has grown 44%.


Stephen Winks

Stephen Winks

March 7, 2018 — 5:45 PM
The pivot to "wellness" responding to the well being of the client is very generalized attempt to addreess fiduciary duties without incurring fiduciary liability, recognizing that b/ds will not support fiduciary duties of the broker. Though it falls short of expert fiduciary standing, it is a move forward. There is no substitute for supporting the best interest of the investing public as required by statute for professional standing, "wellness" is as far as brokers can go without fulfilling their fiduciary duties which trigger fiduciary liability. SCW


March 13, 2018 — 3:04 AM
Envestnet is poor platform and unintelligent company frankly. I have been using their platform, and moving away from it as best I can, for years. They have a strange trading logic and even their top architects can't explain it well. I would use anyone else given a choice but they are my BD's platform. Miserable experience and they have created stress in my life and business to a large degree.

Related Moves

January 9, 2024 at 4:09 AM

Behind the scenes, Envestnet's board of directors had much to tussle over before finally subtracting the 'interim' from Bill Crager's CEO title

With Jud Bergman gone at a chairman, a power struggle ensued to fill that spot, and the process dragged when taking the company private came under review

April 2, 2020 at 2:34 AM

Dani Fava is out at Envestnet -- to capitalize on AI revolution at a new firm, she hints

The ex-TD Ameritrade talent was hired by CEO Bill Crager in 2020 to harmonize acquisitions -- not least MoneyGuidePro and Yodlee that the company still grapples with

March 20, 2024 at 1:25 AM

Envestnet shares popped -- up 8% today -- after Wall Street filtered out bad news and staked its bet on confidence in a new team

The Berwyn, Pa., firm sugar-coated nothing but ended up with a sweet stock price result as analysts see good outweighing bad.

February 24, 2024 at 3:33 AM

See more related moves

Mentioned in this article:

Envestnet Inc
Top Executive: Jud Bergman

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